Which of the Following Is True

question 619

Multiple Choice

Which of the following is true?

• A) Labor participation tends to increase as spousal earnings increase.
• B) Social Security works to the disadvantage of low-wage workers due to their shorter life expectancy.
• C) Low-wage workers derive a higher rate of return from their Social Security taxes than high-wage workers.
• D) High-wage workers generally begin full-time work at younger ages than low-wage workers.

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Definitions:

Fourth Quintile

The fourth quintile refers to the subgroup that falls into the 60-80% range of a distribution when data is divided into five equal groups, often used in economic and social statistics to analyze income or wealth distribution.

Total Income

The total amount of money received by an individual or generated by an entity within a specific period, including wages, salaries, benefits, and other earnings.

Highest Percent

The maximum or largest percentage value within a given set or group of data.

Wage Rate

The amount of compensation an employee receives per unit of time or per task, typically expressed as an hourly rate or per piece rate.